The fabric of the Waterloo Region's dynamism and its future is woven from the threads of industry employing advanced technology in their product development and manufacturing processes, as well as using advanced technology as a key driver of business competitiveness. The Region's Advanced Technology Cluster crosses many sectors, but has particular prominence in the Automotive, Information & Communications Technology, Advanced Manufacturing, Aerospace, and Business and Financial Services sectors. The Region's innovation prowess is reflected in the 30,000 people employed here at 1,000 Information Technology companies. Competitive business costs and the most diverse economy in Ontario drive the continued expansion of the advanced technology cluster.
Work-life balance is important to residents of the Waterloo Region. Recreation and leisure opportunities are extensive and year-round. The Waterloo Region prides itself on being a safe, inclusive and healthy community. The Waterloo Region provides a high standard of living at affordable costs with home prices 30% lower than the provincial average. There's also more time to enjoy life outside work with a median commute time of 16 minutes.